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▶youtube BusinessBanking first seen 1 d ago, last 22 min ago, peak #5

EU Weighs Building Its Own Payment System

Original: A Payment System Made in Europe?

The Council of the European Union is raising the question of a payment system made in Europe, aimed at reducing dependence on foreign card networks and payment platforms. The discussion fits into wider EU efforts around digital sovereignty, the digital euro project and strategic autonomy in financial infrastructure. Reactions online mix support for European independence in payments with scepticism about whether a new system can compete with established providers.

Why now: Ongoing EU debates over digital sovereignty and the digital euro have renewed interest in European payment independence.

Council of the European UnionEuropean Uniondigital euro

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